Former Illinois Governor Writing Bill to Create Millionaire Tax

Former Illinois Gov. Pat Quinn is drafting legislation that would lead to a referendum on permitting the state to levy a millionaire’s tax, following on the success last month of an advisory vote on a similar question.

Quinn said his plan for a 3% surcharge on income above $1 million to pay for property tax relief has momentum and should be placed before voters on Nov. 3, 2026, as an amendment to the state constitution. In an interview Monday, Quinn said he’s working with advocacy groups and lawmakers on legislation that could be introduced and passed by the General Assembly ...